SeaWorld Entertainment Posts Lower Quarterly Revenue; Misses Estimates (SEAS)

SeaWorld Entertainment Posts Lower Quarterly Revenue; Misses Estimates (SEAS)


After the bell on Tuesday, Seaworld Entertainment (SEAS) announced its Q2 and first-half of 2013 earnings, posting a fall in quarterly revenues compared to last year’s same quarter, but an uptick in revenues from the first half of 2012.

The Orlando, FL-based theme park and entertainment company announced that Q2 quarterly revenues were down $14.6 million, or 3%, from last year’s second quarter, coming in at $411.3 million. Analysts were expecting $435.5 million. The company reported a net loss for the quarter of $15.9 million, or 18 cents per diluted share. On an adjusted basis, the company had positive income of $36.5 million, or 41 cents EPS. Analysts were expecting EPS to come in at 51 cents.

Seaworld had some better earnings news for the first half of 2013, announcing record revenues of $649.9 million, which marked an 11% increase from the first half of 2012. The company reaffirmed its full year EBITDA guidance at $430-$440 million on revenues of $1.45 billion to $1.48 billion. Analysts are expecting full year revenues of $1.5 billion.

SEAS shares were down 15 cents, or .41%, by market close on Tuesday, and the stock was down more than 12% in after-hours trading. YTD the company’s stock is up more than 8%.

The Bottom Line

Shares of Seaworld Entertainment (SEAS) have a yield of 2.2% based on Tuesday’s closing price of $36.31 and the company’s annualized dividend payout of 80 cents.

Seaworld Entertainment (SEAS) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Free Updates

Join over 100,000 investors who get the latest news from

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today